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Lesotho ready to elevate its mining sector

Lesotho’s mining sector is brimming with potential and ready to welcome investment into the country. This is the message from Advocate Molise Ramaili, interim CEO of the Lesotho National Development Corporation.

Ramaili was speaking as part of an official Lesotho government delegation attending this year’s Africa Down Under conference in Perth, Australia.

Known as the ‘Kingdom in the Sky’, Lesotho is well-known for its diamond production. The country ranks seventh in the global diamond production sector. Some of the world’s largest white diamonds have been found in the country, including the Lesotho Legend (910 ct) and the Lesotho Promise (603 ct).

While diamond mining contributes 7% to Lesotho’s GDP, the country is keen to diversify and exploit its other mineral resources, particularly those that are needed for the green economy. It is also keen on exploring renewable energy solutions such as wind, solar and hydropower.

Ramaili stated that the country is investor-friendly thanks to the ease of doing business in the country. “By completing an online registration, a business can be registered within three days. Working with the Department of Home Affairs to get the necessary work permits, a business can be fully operational within two weeks.”

He further pointed out that the country is in close proximity to major South African ports, which ensures ease of export to countries around the world.

Exploration key to unlocking mining potential

In addition, the Ministry of Natural Resources is updating its 2005 Mines and Minerals Act, digitising geoscientific information for easier access and streamlining processes to attract international investment.

Ngakana Ngakane, Director of Geological Survey in the ministry, stated that the country does face challenges when it comes to exploration. “Many of the regions are not accessible, and also it is difficult to do deep surface geosurveying without the right technology.

“That is why we are calling on technology companies to collaborate with us on exploration in order to unlock the country’s mineral wealth potential.”

Meanwhile, Minister of Natural Resources Hon. Mohlomi Moleko added that it is important that communities benefit from mining activities in the country. “Mines contribute to socio-economic upliftment in Lesotho.

However, it is important that communities should own a piece of a mine. This can be achieved by working with mining companies and government. They can also go to the Ministry and apply for a mining permit. In this way, we will ensure an intergenerational social impact on communities going forward,” he concluded.